2020-07-01T11:49:12-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-01-01 232973751 PASSYUNK AVENUE REVITALIZATION CORPORATION PASS 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 2155515111 2020-06-22 1 BRUCE BRAUNEWELL CPA P00075336 2156433900 2020-06-22 67.137.57.251 2020-06-22 11:39:12 ED P 623AF3ECE4A3668C62189EBF18041AA444D0AF2F DE2E8DBC7D240B44924189C72BC0637F30C9C429 2019 2020-09-23 17:36:50Z BRYAN FENSTERMAKER 1134 TITAN STREET PHILADELPHIA PA 19147 845275 0 X WWW.PASSYARC.COM X 1999 PA NON-PROFIT REAL ESTATE DEVELOPMENT/MANAGEMENT COMPANY AND PUBLIC SPACE MAINTENANCE 11 11 2 12 0 0 16251 38785 622623 686895 11198 5624 88116 113971 738188 845275 0 0 0 0 148508 137049 0 0 7607 966687 941447 1115195 1078496 -377007 -233221 8335671 8043971 2454181 2395702 5881490 5648269 PARC IS A NONPROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TOPROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNKAVENUE CORRIDOR IN SOUTH PHILADELPHIA. 0 0 976824 0 800866 COMMUNITY IMPROVEMENT INITIATIVES: ACQUIRED, RENOVATED, AND REHABILITATED BUILDINGS TO PROMOTE NEIGHBORHOOD BETTERMENT IN THE COMMUNITY. ACQUIRED PROPERTIES WERE BOTH COMMERCIAL AND RESIDENTIAL. PROVIDED COMMUNITY SUPPORT AND CLEANING SERVICES TO MAINTAIN THESE NEIGHBORHOODS IN A CLEAN, SAFE AND HABITABLE CONDITION. IN FISCAL YEAR 2019, ORGANIZATION ALSO PARTICIPATED IN A CITY OF PHILADELPHIA'S PROGRAM WORKING TOWARDS THE GOAL TO REDUCE LITTER AND ILLEGAL DUMPING WITHIN THE SOUTH BROAD STREET AND SNYDER AVENUE AREAS, PROVIDE A CLEAN APPEARANCE FOR BOTH RESIDENTS AND VISITING PUBLIC, AND CREATE EMPLOYMENT OPPORTUNITIES. 976824 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X BRYAN FENSTERMAKER 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 PAUL LEVY CHAIRMAN 5.00 X X 0 0 0 SARA NASUTI-DOELGER VICE CHAIRMAN 1.00 X X 0 0 0 JAMES PEARLSTEIN SECRETARY 1.00 X X 0 0 0 CHRISTOPHER TERLIZZI TREASURER 1.00 X X 0 0 0 DAN POHLIG MEMBER 0.25 X 0 0 0 DARREN FAVA MEMBER 0.25 X 0 0 0 ALAN HOFFMANN MEMBER 0.25 X 0 0 0 DAVID GOLDFARB MEMBER 0.25 X 0 0 0 ANDREW ERACE MEMBER 0.25 X 0 0 0 LAURA SLUTSKY MEMBER 0.25 X 0 0 0 JOSEPH CONSOLE LEFT 0319 MEMBER 0.25 X 0 0 0 SARA ANTON MEMBER 0.25 X 0 0 0 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 40.00 X 96052 0 0 96052 0 0 0 0 0 0 ACAM 401 S 2ND STREETM SUITE 204 PHILADELPHIA PA 19147 CLEANING SERVICE 198596 1 X 38785 38785 RENTAL INCOME 531120 636568 636568 FEE INCOME 561700 50327 50327 686895 5624 5624 RECOVERY INCOME 900099 88205 88205 EXPENSE REIMBURSEMENT 900099 25766 25766 113971 845275 800866 0 5624 96053 76842 14408 4803 23034 18428 3455 1151 6770 5416 1016 338 11192 8953 1679 560 12942 10354 2588 47043 37634 9409 35129 28102 6900 127 31396 25121 5647 628 10195 8156 2039 217076 173662 43414 17548 14038 3510 RENTAL EXPENSES 330147 330147 COMMUNITY BEAUTIFICATIO 236357 236357 PUBLIC SPACE IMPROVE. 3614 3614 1078496 976824 94065 7607 123837 135218 1450352 1280224 4678 52310 40451 30407 8141324 1804373 6511418 6336951 204935 208861 8335671 8043971 18631 10460 30276 24847 2353424 2300395 51850 60000 2454181 2395702 X 5881490 5648269 5881490 5648269 8335671 8043971 -233221 0 X X 0 1 X 1 0 X 8015 1000 25300 16251 38785 89351 685251 692021 674096 709937 636568 3397873 693266 693021 699396 726188 675353 3487224 0 0 0 3487224 1511 599 3145 11198 5624 22077 1511 599 3145 11198 5624 22077 921 22114 36926 76119 164298 300378 695698 715734 739467 813505 845275 3809679 0.91540 0.95560 0.00580 0.00540 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 921. 2016 AMOUNT: $ 22,114. 2017 AMOUNT: $ 36,926. 2018 AMOUNT: $ 76,119. 2019 AMOUNT: $ 164,298. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343756 343756 7510343 1598454 5911889 287225 205919 81306 6336951 SECURITY DEPOSITS 60000 60000 X 845275 0 845275 0 845275 1078496 0 1078496 0 1078496 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, THE ORGANIZATION HAS IDENTIFIED UNCERTAIN TAX POSITIONS RELATED TO THE NONFILINGS OF FORMS 990 UNDER INTERNAL REVENUE SERVICE ISSUES. THE ORGANIZATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH ITS TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER EXAMINATION. GENERALLY, THE ORGANIZATION IS POTENTIALLY SUBJECT TO FEDERAL EXAMINATIONS FOR THE THREE YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE AND IS THEN CIRCULATED TO ALL BOARD MEMBERS FOR REVIEW. A MOTION IS MADE TO ACCEPT FORM 990 AT BOARD MEETING WHICH IS MEMORIALIZED IN BOARD MINUTES. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE AND SIGN FORMS DISCLOSING ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A APPROVAL OF COMPENSATION IS PRESENTED TO THE BOARD FOR REVIEW/APPROVAL AT A BOARD MEETING. ALL THE BOARD MEMBERS PARTICIPATE IN THIS PROCESS. COST OF LIVING INCREASE IS CONSIDERED AND ADDED TO THE COMPENSATION OF THE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 11 RECOVERY INCOME OF $12,000 DUE TO FEDERAL LITIGATION AGAINST THE CITIZEN ALLIANCE AND $76,205 DUE TO DISRIBUTION PAYMENT RECEIPT RELATED TO PREDECESSOR ORGANIZATION'S LITIGATION AGAINST TRIPARTITE LLC-COVENANT PARTNERS. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITING FIRM.